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Ridgewood 3300 S Clarkson St 10 Unit Apartment Building $1,750,000 ($175,000/Unit) 6.36% Cap Rate Englewood, CO 80113

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INVESTMENT HIGHLIGHTS

South-facing, garden-style walk-up in Downtown Englewood’s Wellness District
Individually metered for electricity with all-electric appliances; Hot water heat provided by central boiler, individual wall-unit A/C in each unit
Mature landscaping and patio area enhance residential appeal

(3) two-bedroom, one-bath units and (7) one-bedroom, one-bath units
Landlord-owned laundry facility and private storage for each unit
Corner lot with strong visibility on E Floyd Ave & Clarkson Street

EXECUTIVE SUMMARY

Value-Add 10-Unit Multifamily Property in the Health and Wellness District of Downtown Englewood. Can be purchased with 3305 S Clarkson St (17 units.

Ridgewood Offering Memorandum

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$162,420	$23.80
Other Income	$9,520	$1.40
Vacancy Loss	$8,121	$1.19
Effective Gross Income	$163,819	$24.01
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$52,470	$7.69
Net Operating Income	$111,349	$16.32

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual	$162,420
Annual Per SF	$23.80

Other Income
Annual	$9,520
Annual Per SF	$1.40

Vacancy Loss
Annual	$8,121
Annual Per SF	$1.19

Effective Gross Income
Annual	$163,819
Annual Per SF	$24.01

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$52,470
Annual Per SF	$7.69

Net Operating Income
Annual	$111,349
Annual Per SF	$16.32

PROPERTY FACTS

Price	$1,750,000	Building Class	C
Price Per Unit	$175,000	Lot Size	0.24 AC
Sale Type	Investment	Building Size	6,823 SF
Cap Rate	6.36%	No. Stories	2
No. Units	10	Year Built	1971
Property Type	Multifamily	Parking Ratio	1.47/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise

Price	$1,750,000
Price Per Unit	$175,000
Sale Type	Investment
Cap Rate	6.36%
No. Units	10
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.24 AC
Building Size	6,823 SF
No. Stories	2
Year Built	1971
Parking Ratio	1.47/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.